Protect My Car Secures $7 Million

Protect My Car announced it has raised $7 million in Series C financing from the Great White Shark Opportunity Fund.

Protect My Car is among the leading providers of extended vehicle service contracts. The company’s extended coverage plans are intended for consumers with cars that are less than 10 years old and have been driven fewer than 150,000 miles, and whose manufacturer’s warranty has expired or will expire soon.

Representatives from Protect My Car said the company intends to use the new funding to enhance its proprietary technology, create a customer-centered online account management system, and build an online platform that increases efficiency across its sales and development teams.